Bidstack Group PLC Grant of Share Options, PDMR Dealing (6464G)
27 Julio 2021 - 08:27AM
UK Regulatory
TIDMBIDS
RNS Number : 6464G
Bidstack Group PLC
27 July 2021
27 July 2021
Bidstack Group Plc
("Bidstack" or the "Company")
Grant of Share Options
Bidstack Group plc (AIM: BIDS), the native in-game advertising
group, announces that, as set out in the Circular published by the
Company on 2 July 2021, on 26 July 2021 it granted 32,703,334 new
share options ("New Options") to employees and certain members of
the advisory committee under the terms of the Bidstack Group Plc
Enterprise Management Incentive ("EMI") Share Option Scheme 2018
and the Bidstack Group Plc Unapproved Share Option Scheme 2018. The
New Options represent 3.51% of the enlarged issued share capital of
the Company.
All of the New Options will be exercisable at a price of 2 pence
per share except for certain of the New Options which have granted
to members of the advisory committee which will be exercisable at 4
pence per share. All the employees and advisers who have been
granted New Options have agreed to surrender their existing
options. Save for New Options granted to option holders who have
surrendered existing options, where the exercise date applicable to
New Options equivalent to their existing entitlements will be
maintained, all of the New Options will be exercisable three years
after the date of grant, save in usual circumstances including the
Company being the subject of a takeover offer, and all of the New
Options will expire ten years after the date of grant.
As stated on 2 July 2021, the Company proposes to adopt a new
Long Term Incentive Plan ("LTIP") to incentivise the Company's
founders, executive directors and other senior managers. It is
envisaged that LTIP awards will comprise approximately five per
cent of the enlarged issued share capital of the Company and will
be subject to performance criteria linked to clear financial
objectives. LTIP awards are likely to be exercisable at nominal
value from the third anniversary of the relevant award.
In addition a further five per cent of the enlarged issued share
capital of the Company is envisaged to be made available to option
holders subject to performance criteria requiring exceptional
returns for the Company and its shareholders.
The Company's remuneration committee is considering appropriate
performance criteria for these proposed options. Further
announcements will be made in due course.
The Company announces the following PDMR dealings in accordance
with Article 19 of the Market Abuse Regulation:
FORM FOR NOTIFYING DEALINGS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Lewis Sherlock
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief Revenue Officer
--------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Notification
--------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Bidstack Group Plc
--------------------------------- ------------------------------------
b) LEI 213800Q47UWF61LMRR02
--------------------------------- ------------------------------------
4. Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.5 pence each
instrument
--------------------------------- ------------------------------------
b) Identification code GB00BZ7M6059
--------------------------------- ------------------------------------
c) Nature of the transactions Grant of Options
--------------------------------- ------------------------------------
d) Price(s) and volume(s) Exercise price: 2 pence per share
Volume: 3,000,000 options
--------------------------------- ------------------------------------
e) Aggregated information As for d) above
- Aggregated volume
- Price
--------------------------------- ------------------------------------
f) Date of the transactions 26 July 2021
--------------------------------- ------------------------------------
g) Place of the transactions Off market
--------------------------------- ------------------------------------
- Ends -
Contacts:
Bidstack Group Plc
James Draper, CEO via Buchanan
SPARK Advisory Partners Limited (Nomad) +44 (0) 203 368
Mark Brady / Neil Baldwin / James Keeshan 3550
+44 (0) 20 7397
1933
Cenkos Securities Plc (Joint Broker) +44 (0) 20 7397
Michael Johnson / Dale Bellis (Sales) 1928
+44 (0) 20 7397
Giles Balleny (Corporate Finance) 8951
Stifel Nicolaus Europe Limited (Joint
Broker) +44 (0) 20 7710
Fred Walsh / Luisa Orsini Baroni 7600
Buchanan Communications Limited
Chris Lane / Stephanie Watson / Kim van
Beeck +44 (0) 20 7466
bidstack@buchanan.uk.com 5000
Notes to editors
About Bidstack
Bidstack is an advertising technology company which provides
dynamic, targeted and automated native in-game advertising for the
global video games industry across multiple platforms. Its
proprietary technology is capable of inserting advertisements
within video games. Bidstack's customers are games publishers and
developers (on the supply side), and advertising agencies, brands
and media-buying platforms (on the demand side).
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END
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July 27, 2021 09:27 ET (13:27 GMT)
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